Round Hill Asset Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Round Hill Asset Management reported 62 stock positions worth $139.1 million. Its top holding was S&P Global (SPGI) at 10.0% of the portfolio, followed by Amgen (AMGN, 9.7%) and Comcast Class A (CMCSA, 6.8%). Compared with Q4 2024, it opened 5 new positions, sold out of 4, added to 9 and reduced 40. The biggest buy was Alphabet Class A (GOOGL, shares +497%) and the biggest sale Goldman Sachs (GS, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- PASADENA, CA
- CIK
- 0001696438
- Portfolio Value
- $139.1M (Q1 2025)
- SEC Filing
- 0001696438-25-000003 ↗ filed May 13, 2025
Holdings Value
Holdings 62 stocks · $139.1M
| SPGI S&P Global Inc. | 9.97% | 27,287 | $13.9M | Reduce -6.8% |
| AMGN Amgen Inc. | 9.69% | 43,253 | $13.5M | Reduce -3.3% |
| CMCSA Comcast Corp. Class A | 6.79% | 255,921 | $9.4M | Reduce -4.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.92% | 83,411 | $8.2M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 4.92% | 76,300 | $6.8M | Add +6.1% |
| NDAQ Nasdaq Inc. | 4.87% | 89,307 | $6.8M | Reduce -2.7% |
| PFE Pfizer Inc. | 3.34% | 183,270 | $4.6M | Add +20.4% |
| MDT Medtronic PLC | 3.26% | 50,440 | $4.5M | Reduce -3.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.88% | 57,629 | $4.0M | Reduce -0.5% |
| SYF Synchrony Financial | 2.48% | 65,116 | $3.4M | Reduce -2.3% |
| T AT&T Inc. | 2.44% | 119,766 | $3.4M | Reduce -3.4% |
| ABBV Abbvie Inc. | 2.37% | 15,750 | $3.3M | Reduce -1.0% |
| CHTR Charter Communications Inc. Class A | 2.31% | 8,724 | $3.2M | Reduce -2.2% |
| GRMN Garmin Ltd. | 2.28% | 14,594 | $3.2M | Reduce -9.8% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 2.22% | 56,205 | $3.1M | Reduce -4.9% |
| MSFT Microsoft Corp. | 2.02% | 7,486 | $2.8M | Reduce -4.6% |
| MHO M/I Homes Inc. | 1.77% | 21,537 | $2.5M | Add +46.0% |
| C Citigroup Inc. | 1.72% | 33,725 | $2.4M | Add +17.5% |
| DFS Discover Financial Services | 1.72% | 14,006 | $2.4M | Reduce -30.3% |
| WFC Wells Fargo & Co. | 1.50% | 28,997 | $2.1M | Reduce -17.6% |
| ZBH Zimmer Biomet Holdings Inc. | 1.38% | 16,899 | $1.9M | Reduce -1.5% |
| FSFG First Savings Financial Grp | 1.27% | 68,821 | $1.8M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.24% | 11,175 | $1.7M | Add +497.3% |
| FLG Flagstar Bank NA | 1.21% | 144,696 | $1.7M | Add +11.5% |
| BUD Anheuser-Busch Inbev-SPN ADR | 1.14% | 25,794 | $1.6M | Reduce -2.5% |
| PII Polaris Inc. | 1.11% | 37,537 | $1.5M | Reduce -1.3% |
| MCO Moody's Corp. | 1.10% | 3,299 | $1.5M | No change |
| ICE Intercontinental Exchange Inc. | 1.06% | 8,582 | $1.5M | Reduce -3.8% |
| RMNI Rimini Street Inc. | 0.96% | 382,163 | $1.3M | Reduce -3.1% |
| BZH Beazer Homes USA Inc. | 0.95% | 64,513 | $1.3M | New |
| WHR Whirlpool Corp. | 0.92% | 14,179 | $1.3M | Add +22.0% |
| V Visa Inc. Class A | 0.92% | 3,636 | $1.3M | No change |
| WSM Williams-Sonoma Inc. | 0.84% | 7,347 | $1.2M | Reduce -12.1% |
| IOSP Innospec Inc. | 0.82% | 11,974 | $1.1M | No change |
| KHC The Kraft Heinz Co. | 0.73% | 33,215 | $1.0M | Reduce -1.5% |
| BMY Bristol-Myers Squibb Co. | 0.69% | 15,701 | $958K | Add +50.0% |
| HTB Hometrust Bancshares Inc. | 0.64% | 26,066 | $894K | No change |
| GS Goldman Sachs Group Inc. | 0.61% | 1,563 | $854K | Reduce -66.5% |
| SCI Service Corp. International | 0.58% | 10,105 | $810K | Reduce -3.5% |
| MBWM Mercantile Bank Corp. | 0.58% | 18,607 | $808K | Reduce -4.1% |
| MA Mastercard Inc. Class A | 0.58% | 1,470 | $806K | No change |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.56% | 6,536 | $774K | Reduce -4.4% |
| DLX Deluxe Corp. | 0.54% | 47,638 | $753K | Reduce -3.6% |
| PARAA Paramount Global Class B | 0.54% | 62,549 | $748K | Reduce -5.8% |
| BFIN Bankfinancial Corp. | 0.52% | 57,356 | $725K | Reduce -7.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 2,418 | $601K | Reduce -18.1% |
| ATKR Atkore Inc. | 0.40% | 9,271 | $556K | Add +17.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 935 | $498K | Reduce -52.3% |
| BHC Bausch Health Cos Inc. | 0.36% | 76,959 | $498K | Reduce -3.5% |
| TGNA Tegna Inc. | 0.35% | 26,488 | $483K | Reduce -0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 9,100 | $380K | Reduce -1.8% |
| NVS Novartis AG-Sponsored ADR | 0.27% | 3,392 | $378K | No change |
| META Meta Platforms Inc. Class A | 0.23% | 564 | $325K | New |
| CME Cme Group Inc. | 0.23% | 1,219 | $323K | No change |
| NATR Natures Sunshine Prods Inc. | 0.20% | 21,603 | $271K | Reduce -4.6% |
| TCBK Trico Bancshares | 0.19% | 6,674 | $267K | Reduce -13.6% |
| BLFY Blue Foundry Bancorp | 0.17% | 24,983 | $230K | No change |
| IDCC Interdigital Inc. | 0.16% | 1,078 | $223K | New |
| OGN Organon & Co. | 0.14% | 13,366 | $199K | New |
| VTRS Viatris Inc. | 0.10% | 16,652 | $145K | Reduce -2.5% |
| PTEN Patterson-Uti Energy Inc. | 0.10% | 16,134 | $133K | New |
| GYRO Gyrodyne LLC | 0.09% | 15,188 | $123K | Reduce -0.9% |
Portfolio Sells Q4 2024 → Q1 2025
| GS Goldman Sachs Group Inc. | Reduce -66.5% | 0.61% | −1.27 |
| DFS Discover Financial Services | Reduce -30.3% | 1.72% | −0.73 |
| DIS The Walt Disney Co. | Reduce -0.8% | 5.92% | −0.68 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.5% | 2.88% | −0.63 |
| AE Adams Resources & Energy Inc. | Sold out | 0.00% | −0.61 |
| SYF Synchrony Financial | Reduce -2.3% | 2.48% | −0.57 |
| PII Polaris Inc. | Reduce -1.3% | 1.11% | −0.44 |
| SPGI S&P Global Inc. | Reduce -6.8% | 9.97% | −0.32 |
| MSFT Microsoft Corp. | Reduce -4.6% | 2.02% | −0.31 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -52.3% | 0.36% | −0.27 |
| CMCSA Comcast Corp. Class A | Reduce -4.0% | 6.79% | −0.26 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.26 |
| WSM Williams-Sonoma Inc. | Reduce -12.1% | 0.84% | −0.26 |
| WFC Wells Fargo & Co. | Reduce -17.6% | 1.50% | −0.25 |
| DLX Deluxe Corp. | Reduce -3.6% | 0.54% | −0.25 |
| NDAQ Nasdaq Inc. | Reduce -2.7% | 4.87% | −0.13 |
| BHC Bausch Health Cos Inc. | Reduce -3.5% | 0.36% | −0.10 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.08 |
| GRMN Garmin Ltd. | Reduce -9.8% | 2.28% | −0.07 |
| TCBK Trico Bancshares | Reduce -13.6% | 0.19% | −0.05 |
| VTRS Viatris Inc. | Reduce -2.5% | 0.10% | −0.05 |
| NATR Natures Sunshine Prods Inc. | Reduce -4.6% | 0.20% | −0.04 |
| SSP Ew Scripps Co./the-A | Sold out | 0.00% | −0.04 |
| BFIN Bankfinancial Corp. | Reduce -7.6% | 0.52% | −0.03 |
| MBWM Mercantile Bank Corp. | Reduce -4.1% | 0.58% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -18.1% | 0.43% | −0.03 |
| FSFG First Savings Financial Grp | Reduce -0.7% | 1.27% | −0.02 |
| BAC Bank of America Corp. | Reduce -1.8% | 0.27% | −0.01 |
| GYRO Gyrodyne LLC | Reduce -0.9% | 0.09% | −0.01 |
| SCI Service Corp. International | Reduce -3.5% | 0.58% | −0.01 |
| KHC The Kraft Heinz Co. | Reduce -1.5% | 0.73% | −0.00 |
| TGNA Tegna Inc. | Reduce -0.2% | 0.35% | +0.00 |
| HRB H&R Block Inc. | Reduce -4.9% | 2.22% | +0.02 |
| SJM The JM Smucker Co. | Reduce -4.4% | 0.56% | +0.03 |
| PARAA Paramount Global Class B | Reduce -5.8% | 0.54% | +0.05 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.5% | 1.38% | +0.10 |
| ICE Intercontinental Exchange Inc. | Reduce -3.8% | 1.06% | +0.13 |
| CHTR Charter Communications Inc. Class A | Reduce -2.2% | 2.31% | +0.15 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -2.5% | 1.14% | +0.21 |
| RMNI Rimini Street Inc. | Reduce -3.1% | 0.96% | +0.21 |
| MDT Medtronic PLC | Reduce -3.2% | 3.26% | +0.32 |
| ABBV Abbvie Inc. | Reduce -1.0% | 2.37% | +0.38 |
| T AT&T Inc. | Reduce -3.4% | 2.44% | +0.44 |
| AMGN Amgen Inc. | Reduce -3.3% | 9.69% | +1.47 |
Portfolio Buys Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Add +497.3% | 1.24% | +0.99 |
| BZH Beazer Homes USA Inc. | New | 0.95% | +0.95 |
| PFE Pfizer Inc. | Add +20.4% | 3.34% | +0.49 |
| MHO M/I Homes Inc. | Add +46.0% | 1.77% | +0.39 |
| FLG Flagstar Bank NA | Add +11.5% | 1.21% | +0.36 |
| C Citigroup Inc. | Add +17.5% | 1.72% | +0.30 |
| BMY Bristol-Myers Squibb Co. | Add +50.0% | 0.69% | +0.27 |
| META Meta Platforms Inc. Class A | New | 0.23% | +0.23 |
| IDCC Interdigital Inc. | New | 0.16% | +0.16 |
| OGN Organon & Co. | New | 0.14% | +0.14 |
| PTEN Patterson-Uti Energy Inc. | New | 0.10% | +0.10 |
| WHR Whirlpool Corp. | Add +22.0% | 0.92% | −0.02 |
| ATKR Atkore Inc. | Add +17.7% | 0.40% | −0.06 |
| MRK Merck & Co. Inc. | Add +6.1% | 4.92% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $159.3M | AMGN, SPGI, MRK, DIS, CMCSA |
| Q1 2026 | 62 | $152.7M | AMGN, SPGI, MRK, CMCSA, DIS |
| Q4 2025 | 63 | $158.7M | AMGN, SPGI, DIS, NDAQ, CMCSA |
| Q3 2025 | 63 | $151.9M | SPGI, AMGN, DIS, CMCSA, NDAQ |
| Q2 2025 | 61 | $148.1M | SPGI, AMGN, DIS, CMCSA, NDAQ |
| Q1 2025 | 62 | $139.1M | SPGI, AMGN, CMCSA, DIS, MRK |
| Q4 2024 | 61 | $141.8M | SPGI, AMGN, CMCSA, DIS, MRK |
| Q3 2024 | 60 | $151.1M | SPGI, AMGN, CMCSA, MRK, DIS |
| Q2 2024 | 62 | $156.8M | SPGI, AMGN, CMCSA, MCO, MRK |
| Q1 2024 | 60 | $165.2M | SPGI, AMGN, CMCSA, MCO, DIS |